| Oil prices are floundering again after their recent short-lived rally, as analysts make bearish predictions on supply. This morning they are headline back towards the mid-$40s range that is likely to result in widespread industry losses.
International benchmark Brent crude fell overnight in Asia and is in the red again in London at around $47.50 a barrel, below the $49 mark at which production is, on average, loss-making in the North Sea. Since a recovery that persisted throughout the spring came to an abrupt end over the summer, prices have dipped as low as $42 and rarely held above $50...............................................Full Article: Source
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